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Momentum Indicator

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    Momentum Indicator

    What is the formula for the standard Ninja Momentum indicator. On goggle I see the below, but the ninja trader Momentum is nothing like this

    How is the momentum indicator calculated?
    The Momentum Oscillator is the current price divided by the price of a previous period, and the quotient is multiplied by 100. The result is an indicator that oscillates around 100. Values less than 100 indicate negative momentum, or decreasing price, and vice versa.

    Thanks

    #2
    Hello DTSSTS,

    Thanks for your question.

    Our Momentum indicator gives the attached description if you hit the i button in the Indicators dialog.

    If you check the source code, you can see the following:

    Value[0] = CurrentBar == 0 ? 0 : Input[0] - Input[Math.Min(CurrentBar, Period)];

    We essentially subtract the Input value from "Period" Bars Ago, from the current Input value.

    Please let us know if you have any questions.
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